Brian Fung | @[email protected]

Brian Fung | @[email protected] @b_fung

With Time Warner, "getting to a data-driven business model was absolutely critical," Stephenson said. #USvATT — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

AT&T has been in conversations with advertisers who say they want an alternative place for their money other than G… https://t.co/by8NUzS4MJ — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Over half the volume on AT&T's mobile network is video, said Stephenson. #USvATT — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Some other random tidbits to follow: — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

The follow-up, Stephenson said, was his attempt to get the board not to think of the merger in those terms. The not… https://t.co/2d3LYA0WGg — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

The notes appeared to show Stephenson making the case that you can't use media assets to advantage your own distrib… https://t.co/R7lDCPtDci — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Conrath tried to nail Stephenson on some notes he'd jotted to himself in preparation for his board briefing on AT&T-Time Warner. #USvATT — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

All this is paraphrased: Leon: You've said a lot today about your "vision," but can you talk about the next 7 year… https://t.co/1NNuBePQl0 — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

More from #USvATT: Before Stephenson stepped off the witness stand, Leon asked him about the arbitration offer and… https://t.co/7jMu2HDR2B — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

As an aside: Apologies. I’ve been instructed to delete an earlier tweet that was inappropriate. — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Okay. We have confirmation from AT&T about AT&T Watch. The new product comes WITHOUT sports. It is not a sports-onl… https://t.co/vYvU9pUzDk — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Just another word about this: it seems there’s some confusion in the press corps as to whether this product has spo… https://t.co/kCqOa2kP6C — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Going back in. — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Conrath also got Stephenson to concede a point re Amazon Prime, which we now know has 100m subscribers. AT&T has ma… https://t.co/dkBcgVB31K — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Conrath seemed to be implying that AT&T is chummier with Facebook than it lets on and is not really the competitor… https://t.co/xIIIWYNPM2 — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Stephenson also discussed an email exchange he had with Mark Zuckerberg last year following the Sun Valley annual c… https://t.co/EHRSwHClT5 — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Stephenson says that in the coming weeks, AT&T will be offering another streaming skinny bundle product called AT&T… https://t.co/pFGcMkm1YH — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

And we’re out on a break. First things first: Catch up on this morning’s proceedings here: https://t.co/r1LMDIieNP — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Going back in. — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

More to come in a story shortly. — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

As before, Stephenson claims the merger will allow him to cut the price of pay-TV. "The better you do on advertisin… https://t.co/Hej2BWxK0T — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

This is a pivotal deal that other media companies were loath to make with him, he says. “I have a philosophy that i… https://t.co/M4EgwM1qD3 — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

He wants to bring premium content to mobile devices and then sell ads against it, particularly as, with the rise of… https://t.co/lhbzDcnXBN — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

After coming away with positive feedback from Bewkes, Stephenson prepped a presentation to the board. “This is a vi… https://t.co/07Iqoe4zr3 — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

At that point he called Jeff Bewkes and invited him to lunch. “A quick lunch turned into a very long afternoon.” #USvATT — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

But he knew he had constraints: He couldn’t dilute earnings or cash flow. He couldn’t hurt AT&T’s dividend and he c… https://t.co/qvW4yj9Tkl — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

While he considered a bunch of large companies, “Time Warner was one where every time you looked at it, you came ba… https://t.co/uUz3HvVF0O — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

He said he spent a long time in the summer of 2016 weighing whether AT&T’s initial strategy of a series of smaller… https://t.co/M8glnjwXzN — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

And we’re out for lunch. Stephenson has taken the stand. We’ve heard more than perhaps ever about Stephenson’s pers… https://t.co/rbSjvbE9w0 — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Going back in. — PolitiTweet.org